Do you think that IPOs are for everyone? I do not think so, while ICOs, in the year 2017 were for everyone, also retail investors earned a lot here. Why it is not profitable these days? Because bear market, but as soon as market sentiment changes, you can expect another ICO boom.
IPOs must be fully regulated and they are by far not for everyone. That's the huge difference when it coms to ICOs. At the latest on the secondary markets everybody can participate.
in my opinion the IPO cannot be used carelessly by people. because the IPO is still closed, and of course we all know that the ICO can be used by many people, and until now many have chosen ICO, so I think the IPO with ICO is very different.